[YouTube]
How come I just heard about this guy? Quite an impressive story. Here are some articles I found about him that are worth reading. [Bloomberg] [MortgagePirates] [DFW] [Gawker]
And here’s the video of Eddie Griffin crashing Daniel’s Ferrari Enzo:
I wish MTV would get more guests like Daniel and stay away from Lara Kay and her likes.
oh please, how did MTV portray him as a hero and he’s a nothing but a crook!?!? unbelievable!!
u do realize that this guy is the equivalent to lara kay in financial terms. if she’s a whore socially, then he’s a thief financially. for the blog’s integrity sake, it would be advisable to do some research prior to posting.
thank you karim…. I was irritated when I read all the praise. most of his loan underwriting were illegal and are considered federal crime.
Do you see me praising the guy? I am saying it’s an impressive story about a Lebanese guy that I never heard about before.
And I don’t see how you can compare him to Lara Kay in any way. He’s a controversial person but one interesting to listen to.
He’s scum. I worked for him, he hates women, nothing is ever good enough, wants attention and above all would sell his soul for a buck
Megan
Sadek is a crook! He owes 2.3M in back taxes, owes SAG 1.8M, Owes Cartoon network 1.3M, owes lawyers 1.3M.
When he was flying high, Vegas, whores, gambling, Hollywood, cars, plane, whores, more whores did he care about the BS loans, NO!!! People killed themselves due to loosing their homes, did he care, NO. He fled our country back to the fucking middle east and shit on the US. He married a whore for French residency, promised her 25K euro and stiffed her. He owes casinos, he thought Steve Wynn was a father fugue, what a moron. Another man raised his kid, that a good thing, no child should be raised by scum, bottom feeder like him. I want him out of our country for GOOD. Sadek, you are nothing!!!!
I know of this guy. He’s a street smart opportunist who, without a high school diploma, was able to find loopholes in the American real-estate business (and others before) and take full advantage of them, ruthlessly. Good for him. But he’s definitely not an idol of any sort.
I personally know Daniel. I worked for Quick loan funding from 2003-2006. I still talk to him to this day. Daniel may be all you believe, but who isn’t in the industry??
The major investor for Quick Loan was Olympus and later, New Century Mortgage. The underwriters were told how to structure the loans by the investors and that’s how they were structured and sold. Daniel is right when he stated that he “never sold a loan that Wall Street didn’t buy.”
These loans were formed by Wall Street to fail, but were not illegal. A murderer can be found innocent and still be a murderer. We may have known these loans were made to fail, but as long as the lenders and Wall Street say they are legal, we will keep selling them. Alan Greenspan even stated this. Alan Greenspan attempted to read though the legalities and mathematical formulas for these loans only to be confused.
WE ARE NOT POLICE and therefore, we only sell what Wall Street says we can and we do. Daniel is a very hard working man, harder and smarter than most Americans. While others are comfortable with being the 99%, Daniel wanted more and got just that. Americans should be ashamed of how lazy we really are. The riches men I know where all born in other countries.
I remember a day when I had a borrower that was refinancing to lower his rate and get an additional $150K cash out. We not only didn’t get him the cash out he wanted (he only got $30K), but we increased his rate. I couldn’t bring myself to call the borrower and close this file. Daniel grabbed the file, called the borrower and closed the deal. He looked at me in the eyes, and told me “that’s how it’s done.” After that day, I gain the courage to close my files faster and support my family. Daniel never cheated me. I will admit that there were times when we didn’t get paid on time, but I stood by him and I was rewarded for it. Many want it all without taking risk, that’s not how you become an entrepreneur.
Many may call Daniel a horrible man, but so are the CEOs at Goldman Sachs, Wells Fargo, B of A, AIG, Exxon, Chevron, etc.
We all should be grateful to Mr. Sadek as he has shown what a small and insignificant man can accomplish when he has no shame. He can boast of being a prime example of the strength and will that a very short man can muster trying to disprove his own insecurities and shortcomings. With the talent of twisting, distorting and bending the truth to fit his needs, he was able to build his company on the backs of a lot of honest, well-meaning individuals. I find your comment of his defense ends up being wrongly justified by, “Well, everyone else was doing it.” I think people were/are so disgusted by him because he represented the whole gluttonous South County Empty vessel culture in so much as those lacking a soul. With his Blonde highlights and bleach front jeans, his mantra was “Greed IS good. Remember, it’s not a sin to BE rich; it’s a sin to DIE rich. At least he doesn’t have to worry about that. LOL! ~A very Old Schooler
I’m happy to say I sued his ass and won. He still owes me $40,000 for the work I had done for Quick Loan Funding. A douche bag who is in hiding because he can’t face his criminal acts in court is not deserving of any praise. There is a tiny cell in prison waiting for him. It’s just a matter of time.
Red-line was garbage, he used his car collection and his lifestyle to show off. His girlfriend was the star, he acted (a joke) in it and showed is gambling habits.
He owes a ton of money to alot of people and companies. The IRS has not forgotten about this punk, they are a few years behind in making cases, they will nab his ass.
He fled the US due to his debts to casinos, he may have made money but today he is a criminal living is a country that hates Americans. Stay there at Rot.
Also, he owes 30 plus companies money. He fled the US to hide from his debts. He married some chick in France for French residence because he hates Lebanon. The French people do not want him, his so called wife was paid 5k Euro for help. She now hates him.
He is human scum and helped screw the US economy, he only knows how to make money off those who do not know any better. He preys on the weak.
Sadek, if you try to start a new con scheme we are waiting for you. Stay in the third world, you belong with you Muslim low life people.
MTV you should be more selective on who you interview. Your panel should have drilled him.
Sadek is a complete and utter disgrace. He did in deed prey on the weak, uses people all for his ego. I use to go to his club, he was so rude to women, had a thug as a bodyguard and always had is car in front to show off. I hear he owes alot of money to casinos and creditors. A huge fall, good, keep falling.
Alex.
I also live in Beirut, he has taken money from people I know promising movie stuff and a new mortgage company. He spends the money on all night poker games, he looses big.
Sadek once said that Jews caused all the wars. He is sick, lacks a grasp on reality. Look in the mirror you Muslim ass, your people cause pain. Rot
Sadek will go to jail in the US, its just a matter of time.
He has defrauded thousands of people through Quick Loan…. time for this asshole to pay!!!!!!!
HES BACK IN OC…
He wears 2005 formally hip jeans, T-shirts that are old and acts like he still has money…. he lives off people, lives to gamble and pretends he’s building a big company again.
He is very rude to woman, has an asshole named Steve talk to girls for him, its all sick and disgusting… He asked my friend for an investment in Red-line 2, my friend laughed at him.
I know he owes millions… says hes suing MY SPACE…. does that still exist???
Sadek, go back to your third world… sick bastard.